Jobsfirstnyc

Analysis

Jobsfirstnyc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jobsfirstnyc reported income of $3.3m and spending of $2.6m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.3m (+124%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Jobsfirstnyc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Girl Scouts of Michigan Shore to Shore ($3.3m), Boys and Girls Clubs of Greater Sacramento ($3.3m) and The Boys & Girls Club of Northern Utah ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $371k (14% of expenses). Other salaries and wages came to $714k. At year end it held assets of $4.9m against liabilities of $1.2m, net assets of $3.7m. It reported 12 employees.